How to make a custom token on Stellar.

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Most ICOs release their tokens on Ethereum. There are a a few reasons for this: The ecosystem is pretty good, Ethereum is turing-complete, and of course everyone else is doing it.

But there are some real downsides too. Ethereum maxes out around 14 transactions a second. That’s 14 for everyone — you, and the other 1000 ICOs get to split that. This is already becoming a real issue and is already causing some existing dApps to move off the Ethereum Platform.

There are other options. At Blocksimple, our products are built to be as platform agnostic as possible. So today I’m going to introduce another network we support: Stellar Lumens (XLM), and I’m going to show you how to create your own custom token that can form the basis of an ecosystem.

In this article I’ll show you how to issue a token I’m going to call “BLOCKSIMPLE”.

Here are the steps involved:

1. Create 2 accounts (One for Issuance, another for Distribution).
2. Execute a change of trust transaction from Distribution to Issuance.
3. Create the token.
4. Lock Supply
5. Distribute!

Creating the Stellar accounts.